Investors with a lot of money to spend have taken a bullish stance on KLA KLAC.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with KLAC, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 11 uncommon options trades for KLA.
This isn't normal.
The overall sentiment of these big-money traders is split between 54% bullish and 18%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $277,718, and 3 are calls, for a total amount of $102,315.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $760.0 to $940.0 for KLA over the last 3 months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in KLA's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to KLA's substantial trades, within a strike price spectrum from $760.0 to $940.0 over the preceding 30 days.
KLA Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| KLAC | PUT | TRADE | NEUTRAL | 07/26/24 | $14.0 | $9.2 | $12.0 | $790.00 | $45.6K | 78 | 144 |
| KLAC | PUT | TRADE | NEUTRAL | 07/26/24 | $46.4 | $38.1 | $41.89 | $820.00 | $41.8K | 59 | 0 |
| KLAC | PUT | SWEEP | BULLISH | 07/26/24 | $8.0 | $6.2 | $6.2 | $790.00 | $39.6K | 78 | 215 |
| KLAC | CALL | TRADE | BULLISH | 01/17/25 | $35.9 | $33.6 | $35.9 | $940.00 | $39.4K | 101 | 11 |
| KLAC | CALL | TRADE | BULLISH | 01/17/25 | $76.9 | $69.1 | $73.81 | $820.00 | $36.9K | 217 | 5 |
About KLA
KLA is one of the largest semiconductor wafer fabrication equipment, or WFE, manufacturers in the world. It specializes in the market segment of semiconductor process control, wherein machines inspect semiconductor wafers during research and development and manufacturing for defects and verify precise measurements. In this section of the market, KLA holds a majority share. It also has a small exposure to the etch and deposition segments of the WFE market. It counts as top customers the largest chipmakers in the world, including TSMC and Samsung.
Present Market Standing of KLA
- Currently trading with a volume of 311,287, the KLAC's price is up by 3.17%, now at $787.0.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 89 days.
What Analysts Are Saying About KLA
In the last month, 5 experts released ratings on this stock with an average target price of $872.6.
- An analyst from Stifel persists with their Buy rating on KLA, maintaining a target price of $875.
- An analyst from Cantor Fitzgerald persists with their Neutral rating on KLA, maintaining a target price of $950.
- An analyst from Evercore ISI Group persists with their Outperform rating on KLA, maintaining a target price of $900.
- An analyst from Goldman Sachs has decided to maintain their Buy rating on KLA, which currently sits at a price target of $838.
- An analyst from Barclays persists with their Equal-Weight rating on KLA, maintaining a target price of $800.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest KLA options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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